25/27 Church Street Blackpool FY1 1HJ

25/27 Church Street
Blackpool
FY1 1HJ

Freehold Restaurant Investment and Retail Opportunity

•Majority Let to Bella Italia Restaurants Ltd until 2023
• Active Management Potential
• Principle Town Centre Retailing Pitch
• Approximately 100m from the world famous Winter Gardens Theatre, Blackpool Tower and Blackpool Pier
• Nearby occupiers include Abbey National, The Orange Shop, Carphone Warehouse and Lloyds TSB
• Six Week Completion Period Available

Lot
8
Auction
18th October 2012
Rent
£66,600 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of a Major Pension Fund

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Freehold Restaurant Investment and Retail Opportunity

•Majority Let to Bella Italia Restaurants Ltd until 2023
• Active Management Potential
• Principle Town Centre Retailing Pitch
• Approximately 100m from the world famous Winter Gardens Theatre, Blackpool Tower and Blackpool Pier
• Nearby occupiers include Abbey National, The Orange Shop, Carphone Warehouse and Lloyds TSB
• Six Week Completion Period Available

Lot 8
Auction 18th October 2012
Rent £66,600 per Annum Exclusive
Status Sold Prior
Price
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of a Major Pension Fund

Property Information

Location

Miles: 18 miles west of Preston; 28 miles west of Blackburn; 56 miles north of Liverpool
Roads: A583, A584, M6, M55
Rail: Blackpool North
Air: Liverpool John Lennon Airport, Manchester Airport

Situation

Blackpool, famous for the iconic Blackpool Tower, beach, pier and illuminations, benefits from some 11 million tourist visitors each year. The property is situated on a retail position on one of the town’s principal retailing thoroughfares and is approximately 100m equidistant from Blackpool Tower and the Winter Gardens Theatre and Blackpool Pier.

Tenure

Freehold.

Location

Miles: 18 miles west of Preston; 28 miles west of Blackburn; 56 miles north of Liverpool
Roads: A583, A584, M6, M55
Rail: Blackpool North
Air: Liverpool John Lennon Airport, Manchester Airport

Situation

Tenure

Freehold.

Description

The property, a substantial traditional retail building comprises a self contained retail unit on part of the ground floor, restaurant accommodation on the part ground and first floor and ancillary accommodation on the second and third floors.
Nearby occupiers include Abbey National, The Orange Shop, Carphone Warehouse and Lloyds TSB.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
25	Ground First Second Third	Restaurant Restaurant Ancillary Storage	87.33 sq m 124.02 sq m 76.64 sq m 23.69 sq m	(940 sq ft) (1,335 sq ft) (825 sq ft) (255 sq ft)	BELLA ITALIA RESTAURANTS LIMITED (1)	11 years from 18/01/2012 until 2023	£66,600	2017
27	Ground	Retail	80.36 sq m	(865 sq ft)	BARNARDO’S (2)	3 months from September 2012 (3)	Nil
Totals			392.04 sq m	(4,220 sq ft)			£66,600 (3)